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What more can this property offer, there is loads of potential if you want to expand further on this already impressive property. Located in a prime central position in Warrnambool you can walk to the shops, restaurants or even just a short stroll to the beach. The four properties and a large storage shed are currently all on one title.
The first part is the four bedroom home. All bedrooms are a large size and any one of them could be used as a second living area. The formal dining room has large sliding doors opening out onto an amazing alfresco area. The lounge room has a new gas heater which allows the warmth to flow through out your whole home. High ceilings and timber floors add to the spacious feeling in this home. There is also a double garage attached to the property for secure parking. The potential sale of a property of this type in central Warrnambool could be in excess of $450,000.
The additional modern three bedroom home to the rear of the property is currently tenanted and opens itself up to many different rental scenarios. This property has an open plan living and kitchen area and is very low maintenance. Properties like this have been selling in the $350,000 range and are sure to be attractive to potential tenants or holiday makers.
Situated right on Timor st, there are two shop fronts which are both currently leased out. In each building there are timber floors, split systems, a kitchenette and updated toilets. The price range for these two shops could be in the range of $300,000 each.
This property has four rental incomes but there is also a fifth if you decide to rent out the sheds for storeage.
On inspection you will recognise the opportunities that are still available for development (STCA) that could once again add to the rental return. If you would like to know more on the potential of this property feel free to give us a call.
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